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Geopolitics and the World Trading System (English)

Until the beginning of this century, the GATT/WTO system worked. Economic research provided a compelling explanation. It showed that if governments maximize the well-being of their own countries broadly defined, GATT/WTO principles would facilitate mutually beneficial cooperation over their trade policy choices. Now heightened geopolitical rivalry seems to have undermined the WTO. A simple transposition of the previous rationalization suggests that...
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Aaditya Mattoo; Ruta,Michele; Staige,Robert W..

Geopolitics and the World Trading System (English). Policy Research working paper;PROSPERITY Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099533512192419044

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